By Admin 
L&T shares: Today, there is a tremendous rise in the shares of Larsen & Toubro, a big company related to the infrastructure sector in the country. In fact, after global brokerage firm Goldman Sachs upgraded its rating to ‘Buy’ and increased the target price, L&T shares rose by about 3 percent on the last trading day of the week on December 12.
With this, the company’s shares rose to Rs 4,114 in early morning trading. This is the second consecutive session when L&T shares witnessed a rise. The share is currently near its 52-week high level of Rs 4,140. It achieved this level in November this year.
Why does brokerage trust the stock?
Earlier, Goldman had given ‘Hold’ rating to L&T shares, which was increased to ‘Buy’. Besides, its target price was also increased from Rs 3,730 per share to Rs 5,000 per share, which represents an increase of about 25 percent from its previous closing price of Rs 4,003.9 per share.
The brokerage expects the company to benefit from its growing presence and strength in segments like defence, green hydrogen and nuclear energy. Along with this, L&T’s estimated Total Addressable Market (TAM) of Rs 1.4 lakh crore for FY26 is also estimated to increase to Rs 3.4 lakh crore by the financial year 2035.
stock performance
Larsen & Toubro has gained about 13 percent in the last six months. The stock has gained 11% so far this year. At the same time, the shares of the company have increased by more than 5 percent in the last one year.
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